The Brain Foundation INC

Springfield, VA · Public charity (501(c)(3)) · Since 2003 · Health Care

✓ Tax-deductible
Revenue
$244K
-11% vs prior year
Spent
$310K
To programs
93%
Net assets
$68K
By yearFY2020–FY2024
Revenue
$244K
FY2024▼ -11%
Revenue by fiscal year
FY2020$382K
FY2021$276K
FY2022$251K
FY2023$276K
FY2024$273K
FY2024$244K
Expenses
$310K
FY2024▲ +12%
Expenses by fiscal year
FY2020$277K
FY2021$274K
FY2022$287K
FY2023$278K
FY2024$278K
FY2024$310K
Net assets
$68K
FY2024▼ -49%
Net assets by fiscal year
FY2020$179K
FY2021$180K
FY2022$144K
FY2023$139K
FY2024$134K
FY2024$68K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CThe Brain Foundation INC
EINHdr · item D35-2206645
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2003
Year of formationHdr · item L2003
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSpringfield, VA
NTEE classificationIRS BMFHealth Care (E70)
WebsiteHdr · item Jwww.brain-foundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.03 Fundraising $0.04
Program services93%$289K
Management & general3%$10K
Fundraising4%$11K
Total functional expensesLn 25$310K

Financial health

Is it on solid ground?

Program efficiency
93%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
18.5mo
months of highly liquid reserves at operating expense rate▼ -14% vs prior filing year
Surplus margin
-27%
revenue over expenses, this year▼ -1436% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$2.9M
FY2024▼ -3%
Total assets by fiscal year
FY2020$3.2M
FY2021$3.2M
FY2022$3.1M
FY2023$3.0M
FY2024$3.0M
FY2024$2.9M
Total liabilities
$2.8M
FY2024▼ -1%
Total liabilities by fiscal year
FY2020$3.0M
FY2021$3.0M
FY2022$2.9M
FY2023$2.9M
FY2024$2.8M
FY2024$2.8M
Revenue less expensesPt I · Ln 19−$66K
Total assetsPt X · Ln 16$2.9M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$84K
Total assetsLn 16$2.9M
Total liabilitiesLn 26$2.8M
Total net assetsLn 32$68K
Months of cash on handcomputed3.2

Statement of Revenue

Part VIII
Program service revenue$145K · 59%
Contributions & grants$84K · 34%
Investment income$16K · 6%
Program service revenue59%$145K
Contributions & grants34%$84K
Investment income6%$16K
— government grantsLn 1e$32K
Total revenueLn 12$244K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $477K · Operating expenses/yr $310K
18.5 months
Where the money goes
Program services
Program services $289K · Total expenses $310K
93%
Management & General
Management & general $10K · Total expenses $310K
3%
Fundraising
Fundraising $11K · Total expenses $310K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $87K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $84K · Total revenue $244K
34%
Government reliance
Government grants $32K · Total revenue $244K
13%
Earned-income share
Program service revenue $145K · Total revenue $244K
59%
Investment reliance
Investment income $16K · Total revenue $244K
+6%
Program self-sufficiency
Program service revenue $145K · Total expenses $310K
47%
Growth & trend
Revenue growth (YoY)
This year $244K · Prior year $273K
-11%
Revenue CAGR
FY2019 $382K · FY2024 $244K
-9%
Net-asset trend (YoY)
End of year $68K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $244K · Expenses $310K
-27%
Liabilities-to-Assets
Total liabilities — · Total assets $2.9M
—
Net-asset ratio
Net assets $68K · Total assets $2.9M
2%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $393K · Total assets (Pt X, ln 16) $2.9M
14%
People & payroll
Highest Reported Total Compensation
Individual Trudy Harsh · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $310K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $310K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 93%——
Overhead ratio 3%——
Fundraising cost ratio 14%——
Revenue growth -11%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President/Tr
$0Pt VII · Sec A
See The Brain Foundation INC executive salaries →

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Governance & Policies

Part VI
  • 10Voting board membersPt VI · Ln 1a
  • 10Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Provides affordable housing for individuals with serious brain diseases who are homeless.

Provided by the organization

This section is blank until The Brain Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $289K of program spending, described in the organization's own filed words · FY2024.
01

The mission of the organization is to provide affordable housing for those suffering from serious brain diseases, such as schizophrenia and bi-polar disorders, who are homeless or vulnerable to becoming homeless.

$289Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$6K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $273K$278K-0.9% 990 PDF
FY2023 $276K$278K+10% 990 PDF
FY2022 $251K$287K-9% 990 PDF
FY2021 $276K$274K-28% 990 PDF
FY2020 $382K$277K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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